Data Clusters

question 9

Multiple Choice

Data clusters:

• A) result from the use of internal data mining
• B) are a statistical technique used for trend analysis
• C) are used to create samples for statistical analyses
• D) occur when three or more database elements occur together in a significant way
• E) are accurately described by all of these

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Definitions:

English Auction

A bidding process where the price ascends and the highest bidder wins, commonly used in selling art, antiques, and collectibles.

Bidding Agents

Bidding agents are systems or software designed to automatically place bids on behalf of users or organizations, often used in online auctions or digital advertising platforms.

Ebay

An online marketplace and auction platform where individuals and businesses can buy and sell a wide variety of goods and services.

Vickery Auction

An auction in which the highest bidder wins but pays the second highest bid price, encouraging true value bidding.